If you are clergy person or lay leader responsible for the financial management of your parish, you’ve come to the right place. If you are a lay leader who is guiding your parish through a clergy transition, or looking for supply clergy, you’re one click away from our Transitions section.

In this section you will find information on hiring, paying and administering the benefits of clergy and staff, paying your diocesan assessment, filing your parochial report and some background resources. This particular page is devoted to budgeting basics.

Budget Basics

In November, congregations are asked to make an annual pledge to the diocese to support the common mission undertaken by our bishop. The diocesan canon regulating congregational giving is Canon 40. This pledge is voluntarily given and the diocesan convention has set guidelines for giving. These voluntary giving guidelines are based on a congregation’s Line A as reported in its annual parochial report.

  • If Line A is under $100,000 – Please pledge 11% of your income to the Diocese
  • If Line A is $100,000-$200,000 – Please pledge 13% of your income to the Diocese
  • If Line A is over $200,000 – Please pledge 15% of your income to the Diocese

All pledge payments should be sent to:

Episcopal Diocese of Chicago Treasurer’s Office
65 E. Huron Street
Chicago, IL 60611-2728

Budgeting and Business Resources

2022 Budget Guidelines from the diocese contain important information on clergy compensation and benefits, lay benefits and other budgetary issues.

The Manual of Business Methods in Church Affairs (in English and Spanish), a publication of the Episcopal Church provides specific guidance on financial management; budgeting; cash management; investment management; internal control; bookkeeping; financial statements; financial reporting; payroll taxes; travel & expense reporting; clergy discretionary funds; audit guidelines; insurance; parochial reports; record management; and examples of commonly used forms.

In general, financial matters within any Diocesan entity are ruled by the Canons and Constitution of The Episcopal Church. More information is available in Canon 39 of the Diocese of Chicago Canons or Title 7 of The Episcopal Church.

If you are looking for models, view a PDF of a Monthly Report of Revenue and Expenses and an Excel example of a Financial Report.

Mileage: Effective January 1, 2020, automobile mileage can be reimbursed at the rate of $0.575 per mile. Beginning and ending mileage must be noted from your odometer. Reimbursement from home to office may not be submitted.